The checklist Warren Buffett-style investors use. Annual numbers for 2025.
1/5Weak
MissDebt under half of equityNot relying on borrowed money.0.76x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-335.6%
MissProfitable every yearSteady profits, not one good year.0 of 5 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$8.8M
PassShare count not growingNot diluting owners. Falling means buybacks.-28.2% in 3 years
Revenue
$35.7M
-0.5% vs prior year
Total debt
$53.5M
0.76x equity
Free cash flow
-$8.8M
-24.7% of revenue
From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. Not in this company's SEC data, so not scored: return on equity 15%+. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026
Reported Aug 10, 2023
Revenue
$13.7M
+40.7% YoY
EPS
-$2.47
vs -$4.27
Op. margin
-177.4%
-161.8 pts
Gross margin
11.8%
+5.4 pts
Free cash flow
$1.4M
Share count
+1663.0%
vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trend
No trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
This week
0
Normal week
2.6
vs normal
0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▼Distributing-4.7%
Institutions cut 4.7% from their holdings. 3 bought, 5 sold.
Shares held by institutions61K
Sep '24Jun '26
Safety check
From SEC filings
Share count growthYearly rate, last 3 years
+328.0%
Cash runwayAt last year's cash burn
4 months
Debt to equityLatest balance sheet: debt compared with what owners have
0.2x · $2.4M debt
Shares outstandingLatest reported
17M
Why high risk
Losing money, losses are large next to sales
About 4 months of cash left at its current burn
Share count growing 328% a year (dilution)
Bills due within a year exceed short-term assets
4 offering filings in 6 months (may sell new shares)
Earnings reports
Last 3
Next reportDue any dayEstimated from the same quarter last year
Results filedAug 10, 2023
Results filedMay 15, 2023
Results filedMar 31, 2023
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days